The credit system is not the same in Europe, first of all there is no such thing as credit rating and what not.
People don't have credit card like the one in US and Canada.
The vast majority use a debit card.
The credit system is not the same in Europe, first of all there is no such thing as credit rating and what not.
People don't have credit card like the one in US and Canada.
The vast majority use a debit card.
the credit rating system in Europe is quite different from the one in the United States and varies significantly from country to country.
but credit ratings are definitely a thing, they're just not FICO scores.
Equafax is still a thing in the UK and Spain, etc.
We do very much have credit rating in Germany, might be very different than the one in the US, don’t know theirs.
In UK there is. :(
Nothing like america though, lots of people (maybe the majority) cruise through life with 1-2 credit cards and occasionally apply for a mortgage without ever really thinking about their credit rating.
Being obsessed or even thinking about your credit rating in the UK is a bit of a minority reddit pursuit not something normal people do.
(Of course if you default on stuff you will need to think about it)